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AI everywhere, data nowhere: Firms race into AI but data access and quality lag, survey shows
KUALA LUMPUR, April 16 — Most organisations still lack the data foundation needed for success despite growing adoption of artificial intelligence (AI), according to Cloudera’s latest global survey examining enterprise readiness to support AI at scale. The findings highlight that
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Profit-taking pulls Bursa Malaysia lower as financial and utility counters weigh
KUALA LUMPUR, April 15 — Bursa Malaysia erased early gains to end slightly lower today, as profit-taking emerged in selected heavyweight counters mainly in financial services and utilities sectors. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell
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Japan pledges US$10b to Southeast Asia as Middle East crisis strains supply chains
TOKYO, April 15 — Japan pledged US$10 billion in financial support today for Southeast Asian economies as the Middle East crisis threatens Tokyo’s procurement of vital medical equipment derived from oil. The initiative, dubbed “Power Asia”, will see Japan contribute
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US blockade against Iran triggers global energy shock fears; China denounces ‘dangerous’ move
PARIS, April 14 — Washington’s decision to blockade Iranian ports in the Strait of Hormuz is sending tremors through global energy markets, raising fears of a fresh oil shock by threatening supplies to Asia. Iran had continued to pump crude
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Philippines seeks US nod to expand Russian oil imports as shortages bite
MANILA, April 14 — Manila said Tuesday it was seeking US permission to buy more Russian crude, as the import-dependent Philippines scrambles to shore up scant fuel supplies amid a blockade of the Strait of Hormuz. The Philippines’ sole oil
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China Evergrande founder Hui Ka Yan pleads guilty to illegal fundraising in landmark fraud trial
BEIJING, April 14 — China Evergrande Group’s founder Hui Ka Yan pleaded guilty to charges including illegal absorption of public deposits and fundraising fraud in a court in Shenzhen, which held a trial of the case against the group and
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Asian stocks rally, crude drops on lingering hope for peace deal
HONG KONG, April 14 — Stocks rose and oil fell Tuesday on hopes for a deal to end the Middle East war and reopen the Strait of Hormuz, with Donald Trump saying Tehran had called to seek an agreement even
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EU doubles steel tariffs to 50pc to curb flood of Chinese exports, protect industry
BRUSSELS, April 14 — EU lawmakers and countries agreed to double tariffs on foreign steel on Monday, to shield the bloc’s struggling industry from a flood of cheap Chinese exports. European Union governments and parliament representatives reached a late evening
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Venezuela courts investment as Chevron expands oil footprint
CARACAS, April 14 — US oil giant Chevron and the government of Venezuela signed two deals Monday that will expand oil production in the country, as the country seeks to boost private investment in the sector. A signing ceremony took
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Australia’s Qantas warns jet fuel surge could add up to AU$800m to costs
SYDNEY, April 14 — Surging jet fuel prices may raise costs for Australia’s Qantas by up to AU$800 million (RM2.24 billion) in the second half of this year, the airline said Tuesday. War in the Middle East has led jet
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